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    OFF-MARKET
    Commercial real estate

    421 Hart St, Brooklyn, NY 11221

    6,968 SF
    Property ID
    US63-4010273
    Property summary
    AI-generated overview

    This exceptional retail property, located at 421 Hart Street in Brooklyn, New York, presents a unique investment opportunity. The 6,968 square foot space is situated on a 2,000 square foot mid-block lot boasting 20 feet of frontage. The property is zoned C4-4L, allowing for a variety of retail uses. The thoughtfully designed layout includes private outdoor spaces, maximizing functionality and appeal. Comparable condominium sales in the neighborhood have recently exceeded $1,000 per square foot, indicating strong market value and potential for significant return on investment. This prime location within the rapidly developing Bedford-Stuyvesant neighborhood offers easy access to a vibrant community with numerous restaurants, shops, and other amenities. The property's convenient location is further enhanced by its proximity to public transportation, just three blocks from the Myrtle Avenue J, M, and Z subway lines, and served by nearby B46 and B47 bus routes. This is an exceptional chance to acquire a thriving retail space in a high-growth area of Brooklyn. The asking price is $1,750,000. The property's strategic location and well-designed layout make it an ideal investment for discerning buyers seeking a strong foothold in a flourishing market.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 6,968 SF
    UPID US63-4010273
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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